48-5543 - Arizona Statutes

48-5543. Lease provisions A lease of the hospital, a freestanding urgent care center, a medical clinic or a nursing care institution and their equipment shall: 1. Extend for a term of at least one year but not more than twenty years to be determined by the board of directors. 2. Be executed to a nonprofit corporation organized under title 10, chapters 24 through 40 for the purpose of conducting a hospital, a freestanding urgent care center, a medical clinic or a nursing care institution, combined hospital, nursing care institution and ambulance service or a combined freestanding urgent care center and ambulance service. 3. Provide for rent on terms and in an amount that are determined to be reasonable by the board of directors.